Business Energy for Offices

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"Don't switch" is good advice for households. But business energy is different and there's no price cap to protect you*. "Compare now" is good advice for businesses!

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*with no price cap in place for businesses, some out of contract rates are up between 15% and 120%

Office energy use can soon add up, when you consider the amount of hours per week that lights, heaters, computers and all associated equipment are left running.

If you’re a company with 10 or more employees, or you manage a co-working space, then energy bills can quickly go through the roof. That’s why we’ve put together a handy guide to business energy for offices.

Our main tip is to always be on the ball with your contract end-date. If you’re aware of this, each year you can find a new contract that saves you money. If you’re going to use a lot of power, you need to be on the lowest rate possible.

But it can be hard work. Comparing different options from one supplier is fine, but when you take into account multiple suppliers, it becomes the almost impossible task. Which is where UKPower comes in. We can take the leg-work out of paying less, and what’s better is it is a completely free service.

How are office energy bills calculated?

Commercial electric prices and office space gas rates are calculated a few different ways. These are:

  • The credit rating of your business. If you’re seen as a risk, you’re likely to get a worse rate than a more trustworthy company. They may also secure you to a certain payment plan to ensure risk is minimised.
  • The size of your business. The amount of computers you use on-site, for example, will have an effect on your on your commercial electricity prices.
  • Where you’re based. This has an effect because prices are different based on how much it costs the supplier to get energy to you.
  • The type of business you are. If you’re a sole trader, for example, you may get a better rate.
  • Your business’s annual energy consumption. The more you use, the better price you can get in bulk.

Knowing how these bills are calculated and how they vary can help you determine how you move between suppliers. Getting the best price is important for the overheads of a business, but it can be hard to find the time to survey all options. That’s why we at UKPower are on hand to offer our expertise at no cost to the customer.

How to understand your office energy bill

There are a number of elements on your business energy bill that have an effect on the amount you pay each month. And this isn’t limited to what you use from one day to the next. These other variables include:

  • Wholesale costs - How much energy the supplier buys before they sell it on will dictate a decent portion of your bill. Gas and electricity prices go down the more they buy.
  • Network costs - The total amount it costs for the supplier to transport the energy from power stations to customers.
  • Environmental costs - The Government charges energy companies based on what fuel they use to make up their supply. This cost is then passed on to the end customer in an addition cost.
  • Operating costs - These are the costs associated with keeping their business running and keeping the service you receive top quality.
  • Value Added Tax (VAT) - This is government-imposed tax, charged on goods and services. Depending on your usage, you may be charged at the standard rate or reduced rate.

How to make your office more energy efficient

Changing supplier is the best way to lower your energy bill, but there are other, smaller yet effective ways of further reducing the expense of your bill.

If you can replace lighting with motion detecting lights, this will reduce your bill dramatically. When rooms such as meeting rooms and toilets aren’t in use, their lights would automatically turn off.

Replace standard bulbs with low energy options such as CFL bulbs which use less electricity. These can reduce the energy you use on lights by 25%.

When you go on to purchase computers and other office equipment, check how efficient they are. Newer technology will be lighter on energy use, so although they may cost more initially, they’ll save you money across their lifespan.